Rivian Automotive (RIVN): Takeaways from APAC Investor Group Meeting

J.P. Morgan hosted Rivian's VP of Investor Relations, Chip Newcom, for a virtual group meeting with APAC investors (RIVN, Underweight, price $15.29), covering initial R2 demand signals, production ramp, autonomy and in-house silicon, the UBER partnership, the VW JV, battery sourcing and the competitive landscape. Key takeaways: initial R2 reservation-to-order conversions are tracking ahead of expectations, with the launch starting at a ~$58K base price for the higher-end configuration and a ~$45K standard variant expected next year. The R2 production ramp remains deliberately measured, with supplier maturity the principal constraint;